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Old 04-19-2012, 10:38 AM   #1
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Amazing article!

Awesome article walking through a large number of historical hyperinflation periods for many different countries around the world.

It is very telling the ways other countries fixed their problems:
"Privatization of public enterprises and the deregulation of the economy
Reduction in the size of the public sector and reconstruction of the tax system"

"A constitutional amendment in 1994 which empowered the Central Bank not to finance the budget deficit
The Central Bank made it illegal for regional banks to buy government-issued bonds"

The section on ancient Rome was a bit frightning on how it is so similar to the current day United States:

"What came out afterwards was a very different Rome. It was much more militarist and expansionist in order to support its large military. Within 100 years Rome's republican politics had subsided into what was effectively dictatorship."
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Old 04-19-2012, 11:43 AM   #2
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Liked: 249 times we got gold galore!!! Bix
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Old 04-19-2012, 01:44 PM   #3
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brilliant Penn !

Had almost forgotten about Bix

Have signed up for his newsletters
suspect some of your reading is as whacky as mine (-;
if it cant be done with a digger .... it cant be done
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